Ansewrs sheffield company reported a net loss of $5500 for the year ended december 31, 2017. during the year, accounts receivable increased $14500, inventory decreased $11500, accounts payable decreased by $20300, and depreciation expense of $12100 was recorded. during 2017, operating activities

a. used net cash of $2,000
b. provided net cash of $8,000
c. provided net cash of $2,000
d. used net cash of $8,000

Net Cash flow from Operating activities             -$16,700

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net loss                             -$5,500

Adjustment made:

Add : Depreciation expense $12,100

Less: Increase in accounts receivable -$14,500

Add: Decrease in inventory $11,500

Less: Decrease in accounts payable -$20,300

Total of Adjustments -$11,200

Net Cash flow from Operating activities             -$16,700

This is the answer and the same is not provided in the given options

answer; institution;

answer; balance sheets;